Price for Spices; Cardamoms, Neither Crushed Nor Ground in Italy - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Italy (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Italy (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Italy
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Italy
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Italy (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $16,284 per ton, declining by -28.1% against the previous year. In general, the import price, however, posted moderate growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 56%. The import price peaked at $23,738 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($22,283 per ton), while the price for Tanzania ($9,122 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Italy (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $18,518 per ton in 2022, dropping by -21.5% against the previous year. In general, the export price saw a slight slump. The growth pace was the most rapid in 2020 an increase of 59%. As a result, the export price attained the peak level of $28,500 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($49,462 per ton), while the average price for exports to Poland ($6,194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Italy
In 2022, approx. 73 tons of spices; cardamoms, neither crushed nor ground were imported into Italy; with an increase of 10% compared with 2021. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of spices; cardamoms, neither crushed nor ground declined markedly to $1.2M in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 91.6 | 350 | 370 | 448 | 69.7% |
| India | 28.4 | 96.7 | 472 | 224 | 99.1% |
| Netherlands | 51.8 | 104 | 138 | 213 | 60.2% |
| France | 54.5 | 127 | 217 | 109 | 26.0% |
| Germany | 47.8 | 81.0 | 126 | 78.1 | 17.8% |
| Tanzania | N/A | N/A | 67.7 | 42.7 | -36.9% |
| United Kingdom | 142 | 190 | N/A | N/A | 33.8% |
| Others | 51.3 | 50.7 | 120 | 78.6 | 15.3% |
| Total | 468 | 999 | 1,511 | 1,194 | 36.6% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Italy in 2022:
- Guatemala (28.2 tons)
- Netherlands (16.8 tons)
- India (12.5 tons)
- France (4.9 tons)
- Tanzania (4.7 tons)
- Germany (3.9 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Italy
In 2022, approx. 25 tons of spices; cardamoms, neither crushed nor ground were exported from Italy; growing by 42% on the year before. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 295% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of spices; cardamoms, neither crushed nor ground expanded rapidly to $461K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 227% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 16.8 | N/A | 27.3 | 84.9 | 71.6% |
| Germany | 0.5 | 0.7 | 20.2 | 58.0 | 387.7% |
| Poland | N/A | N/A | 26.2 | 51.8 | 97.7% |
| United Kingdom | 1.2 | 9.0 | 5.4 | 48.4 | 242.9% |
| Spain | 0.5 | 3.5 | 105 | 46.0 | 351.4% |
| Portugal | 0.6 | N/A | 7.6 | 33.9 | 283.7% |
| France | 6.6 | 15.9 | 48.0 | 30.1 | 65.8% |
| Greece | 19.0 | 19.3 | 27.1 | 18.9 | -0.2% |
| Argentina | 27.4 | 45.5 | N/A | 4.0 | -47.3% |
| Finland | N/A | N/A | 43.7 | 2.5 | -94.3% |
| Others | 9.9 | 32.1 | 102 | 83.1 | 103.2% |
| Total | 82.5 | 126 | 413 | 461 | 77.5% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Italy in 2022:
- Poland (8.4 tons)
- Hungary (3.6 tons)
- Germany (2.1 tons)
- Portugal (2.0 tons)
- Spain (2.0 tons)
- United Kingdom (1.1 tons)
- Greece (1.1 tons)
- France (0.9 tons)
- Finland (0.1 tons)
- Argentina (0.1 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Italy.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Italy.
3994
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3777
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8422
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3860
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3777
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8422
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3860
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
